Insurance Journal

Florida Premium Written up by 40%, Average Premiums Up by a Third Since 2022

Newly posted data from Florida regulators show that, in the last three years, the number of property insurance policies in the state has risen only slightly while direct premium written and average premiums have climbed significantly. The first-quart...

Posted: Jun 17, 2025

Florida Property Insurance Premiums Surge 34% Since Late 2022

Newly posted data from Florida regulators show that, in the last three years, the number of personal property insurance policies in the state has risen only slightly while direct premium written and average premiums have climbed significantly. The fi...

Posted: Jun 17, 2025

California FAIR Plan Extends ZestyAI Partnership

ZestyAI has announced a four-year extension of its partnership with the California FAIR Plan. The Golden State’s insurer of last resort has tapped ZestyAI’s Z-FIRE wildfire risk model for risk assessment since 2021. That model leverages A...

Posted: Jun 17, 2025

MoneyGram Settles with NY Over Transfers After US Consumer Bureau Quits Case

MoneyGram agreed to pay a $250,000 fine to settle a New York state lawsuit over its remittance transfers, two months after the U.S. Consumer Financial Protection Bureau withdrew from the civil case. The accord announced on Monday by New York …

Posted: Jun 17, 2025

MoneyGram Settles With NY Over Transfers After US Consumer Bureau Quits Case

MoneyGram agreed to pay a $250,000 fine to settle a New York state lawsuit over its remittance transfers, two months after the U.S. Consumer Financial Protection Bureau withdrew from the civil case. The accord announced on Monday by New York …

Posted: Jun 17, 2025

Officials Brace for Fire Season as Nevada Is ‘Abnormally Dry’

“Don’t say this is going to be the worst fire season,” Nevada Gov. Joe Lombardo jokingly told State Forester and Fire Warden Kacey KC at a June 10 wildfire briefing in Carson City. “You say that every year.” KC smiled &#...

Posted: Jun 17, 2025

People Moves: Bennett to Lead Mercury Insurance Climate Science Team

Mercury Insurance, headquartered in Los Angeles, California, appointed Steve Bennett as its senior director of climate and catastrophe science. In this new position, Bennett will build and lead a team focused on identifying ways Mercury and its polic...

Posted: Jun 17, 2025

Erie Insurance Facing 2 Class Actions Claiming Data Breach

Not one but two class action lawsuits have been filed against Erie Insurance even as the insurer continues to investigate its cyber security incident. One lawsuit was filed by an Illinois customer, Neil Plascencia; the other by Amy Haas, a …

Posted: Jun 17, 2025

Morocco’s Wafa Assurance to Acquire Egypt’s Delta Insurance

Wafa Assurance has agreed to acquire a majority stake in Egypt’s Delta Insurance from its current owner Egypt Kuwait Holding Company, as it targets an expansion of its operations in the Egyptian market, it said on Monday. Wafa Assurance, a &#82...

Posted: Jun 17, 2025

NWS Issues Alaska’s First Ever Heat Advisory

For the first time ever, parts of Alaska are under a heat advisory — but you can put an asterisk at the end of that term. It’s not the first instance of unusually high temperatures in what many consider the …

Posted: Jun 17, 2025

Tariffs and P&C Insurance: Potential Impacts and Innovative Solutions for Continued Profitability

This post is part of a series sponsored by AgentSync. Since his inauguration in late January, President Donald Trump has imposed (and pledged to impose) several tariffs affecting nearly all U.S. imports. While the somewhat sporadic nature of these ac...

Posted: Jun 16, 2025

Trump Can’t End FEMA But It Needs Reform, Says Obama’s FEMA Head

President Donald Trump has repeatedly said he intends to whittle down or phase out the Federal Emergency Management Agency, and last week he gave a rough timeline for that: “after hurricane season.” “We want to wean off of FEMA, and...

Posted: Jun 16, 2025

Flash Flooding Kills 5 in West Virginia as Rescue Teams Search for Missing

Flash flooding caused by torrential rains killed five people in northern West Virginia and rescue crews were searching for three other people who were missing Sunday as authorities assessed damage to roads, bridges, natural gas lines and other infras...

Posted: Jun 16, 2025

US Supreme Court to Hear Chevron, Exxon Appeal Over Louisiana Coastal Damage

The U.S. Supreme Court agreed on Monday to hear a bid by Chevron, Exxon Mobil and other oil and gas companies to have lawsuits brought by two Louisiana localities accusing them of harming the state’s coast over a period of …

Posted: Jun 16, 2025

Purdue Pharma $7.4B Opioid Settlement Wins Broad Support From States

Purdue Pharma has won support from the attorneys general of 55 U.S. states and territories for its $7.4 billion settlement to resolve thousands of opioid lawsuits against the drugmaker and its owners, members of the Sackler family. A framework for &#...

Posted: Jun 16, 2025

Artemis Acquires Louisiana’s Tyner Jeter Insurance

Artemis Insurance, the parent brand of Texan Insurance, Ozark Insurance, and Marek Insurance, announced the acquisition of Baton Rouge-based Tyner Jeter Insurance. Formerly part of McInnis Tyner Agency since 1972, the team launched Tyner Jeter Insura...

Posted: Jun 16, 2025

New Orleans Officer Cleared of Wrongdoing in Puppy Shooting, City to Pay $10K in Damages

A jury in federal court ruled that a New Orleans police officer who shot and killed a puppy had violated its owners’ constitutional rights but was shielded from punishment under qualified immunity because of his government role, according to th...

Posted: Jun 16, 2025

New Orleans Officer Cleared in Puppy Shooting, City to Pay $10K in Damages

A jury in federal court ruled that a New Orleans police officer who shot and killed a puppy had violated its owners’ constitutional rights but was shielded from punishment under qualified immunity because of his government role, according to th...

Posted: Jun 16, 2025

Wisconsin Dairy Farmer Sues USDA Claiming Discrimination Against White Farmers

A Wisconsin dairy farmer alleged in a federal lawsuit filed Monday that the Trump administration is illegally denying financial assistance to white farmers by continuing programs that favor minorities. The conservative Wisconsin Institute for Law and...

Posted: Jun 16, 2025

Everest Launches Unified International Specialties Business, Led by Trueman

Everest announced its international insurance division has launched a unified specialties business, bringing together its offerings across marine, aviation, energy & construction, cyber, and industry practices. Paul Trueman has been appointed to...

Posted: Jun 16, 2025

Washington Post Probes Hack of Journalist Email Accounts

The Washington Post is investigating a cyberattack on the email accounts of some journalists, prompting the newspaper to beef up its online security. The intrusion was discovered late Thursday and the company carried out a forced reset of login crede...

Posted: Jun 16, 2025

AI Risks the Top Concern in Verisk’s Emerging Issues Bracket

College basketball turned heads in March. Now, we're have the final rounds of Verisk's emerging issues bracket that could hold the attention of insurance pros for years to come.

Posted: Jun 16, 2025

AI Risks Voted Top Concern in Verisk’s Emerging Issues Bracket

College basketball turned heads in March. Now, we're have the final rounds of Verisk's emerging issues bracket that could hold the attention of insurance pros for years to come.

Posted: Jun 16, 2025

NHTSA Streamlining Self-Driving Car Exemption Reviews

The National Highway Traffic Safety Administration on Friday said it was streamlining reviews of requests filed by automakers seeking to deploy self-driving vehicles without required human controls like steering wheels, brake pedals or mirrors. NHTSA...

Posted: Jun 16, 2025

End to Florida Agents’ ‘Diligent Effort’ Rule on Surplus Lines Takes Effect July 1

Florida’s governor has signed House Bill 1549 into law, eliminating the requirement that insurance agents make a “diligent effort” to find coverage before placing properties with a surplus lines carrier. Thanks to a late amendment t...

Posted: Jun 16, 2025